Another Big Investment In PepsiCo, Little Island
The R&D campus of PepsiCo in Little Island has been providing its expertise regionally and globally in several fields including quality assurance, advertisement, and beverage development. Its Digital Engineering team is also responsible for carrying out digital steps for transforming PepsiCo.
Now PepsiCo in Ireland has announced a €39 million investment in its County Cork facility. This investment will significantly help in expanding the firm’s manufacturing capacities and facilities.
Little Island’s firm and other R&D campuses were also invested with €127 million earlier this year.
The current expansion will allow PepsiCo to meet its growing demands of the current product line. It will also be responsible for bringing the innovation to a global level.
Another €2.4 million is set to be invested in the Solar PV system at the Little Island plant which will decrease the usage of power by its plant significantly.
These solar panels will be able to produce 1820 KW which will at their full strength meet the energy needs of its plants. As far as the annual electrical needs are concerned then it will be able to supply 22% of electricity for it.
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The firm also announced 100 vacancies for operations staff for its Cork Factory which has already 1,250 employees from Ireland.
According to Brian Colgan, the current investment plan not only will provide more job opportunities but will also enhance its production capacity.
PepsiCo’s Little Island Site Director, Brian Colgan said: “This latest investment will provide additional capacity for the markets we serve, enhance production capability, and further reinforce the strong sustainability credentials of our site in Little Island. As we approach 50 years in Cork, we are extremely proud of this latest milestone and the benefits that will arise for Little Island and the wider Cork region”.
“For almost 50 years, PepsiCo has been creating employment in Ireland and we wish the team every success as they continue to advance their operations here,” said the CEO of IDA Ireland, Michael Lohan
Minister of Enterprise, Trade, and Employment Simon Coveney stated, “The second multi-million-euro investment by PepsiCo, reinforces its commitment to Ireland and to Cork,”
“The company’s positive impact on the Irish economy since it first established a presence here in 1974 is hugely significant,” also said the minister.
Speaking at an event to mark the investment project, Simon Coveney TD, Minister for Enterprise, Trade & Employment said: “PepsiCo has had a presence in Ireland since 1974 and has grown its operations very significantly during that time. This latest significant investment reinforces the company’s recognition of Ireland as a great place to do business.”
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“We have called Cork home for almost 50 years, and our longevity is a testament to the dedication of our talented workforce. This very significant expansion will allow us to increase our manufacturing capacity and ensure that we can continue to meet the global demand for our existing and future products,” said Brian Colgan, Site Lead, PepsiCo Little Island.
“This latest investment in our R&D campus delivers state-of-the-art laboratories for several quality and research teams and a new contemporary digital solutions suite,” said Breda Kennedy, R&D Senior Director, PepsiCo. “Investment in our business has driven the growth of our R&D team, from just 10 people in 2007 to more than 130 today. This continued investment will further strengthen our ability to attract the best talent across digital, engineering, analytics, food science, sensory, and microbiology.”
Mary Buckley, Executive Director, IDA Ireland said: “Continued investment in research and development is central to IDA Ireland’s strategy ‘Driving Recovery and Sustainable Growth’. This investment by PepsiCo is very welcome and demonstrates the company’s ongoing commitment to Ireland as it continues to grow its Irish operations nearly 50 years since it first established a footprint in Cork.”
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